Deutsche Bank officially opens offices in Deutsche Bank Tower, Beijing

Beijing, 28 April 2008 - Deutsche Bank officially opened its new offices in Deutsche Bank Tower at China Central Place in the Chaoyang District of Beijing. With a total of 78,000 square metres, the new premises house Deutsche Bank (China) Co., Ltd. and other related Bank businesses which are located on the 26th -28th floor of the new building.  

The ceremony was officiated by Ms. Cheng Hong, Vice Mayor, Beijing Municipality, Dr Hugo Bänziger, Chief Risk Officer, Member of the Management Board and the Group Executive Committee at Deutsche Bank, Mr. Colin Grassie, Chief Executive Officer of Deutsche Bank Asia Pacific (ex Japan), Mr. Lee Zhang, Chairman of Deutsche Bank China, Ms. Jin Luo, Deputy Director General of International Department at the People’s Bank of China (PBOC), Ms. Yang Liping, Deputy Director General of Banking Supervision Department III at the China Banking Regulatory Commission (CBRC), Ms. Zou Dan, Deputy Director General of Supervision and Inspection Department at the State Administration of Foreign Exchange (SAFE), Mr. Shan Qiang, Deputy Director General of PBOC and SAFE Beijing Office, Mr. Xiang Shiwen, Deputy Director General of CBRC Beijing Office, Mr. Huo Xuewen, Deputy Director General of Beijing Municipal Commission of Development and Reform and Head of Beijing Financial Office, Mr. Xie Chaobin, Deputy Governor of Chaoyang District Government, Mr. Wu Jian, President of Hua Xia Bank and Mr. Werner Lauk, Deputy German Ambassador to China.   

Dr. Bänziger said, “China is a global priority market to Deutsche Bank.  The naming of Deutsche Bank Tower and this significant tenancy denotes our strong confidence and commitment to China.”

Mr. Grassie said, “After locally incorporating in China earlier this year, Deutsche Bank consolidates its business in Beijing in this flagship building in China Central Place.  Moreover, Deutsche Bank Tower offers significant additional room for future expansion.” 

Mr. Zhang said, “The opening of Deutsche Bank Tower is a result of concerted support from the regulators in China, the municipal government from Beijing and the Chaoyang District who have provided excellent infrastructure and a favorable business environment for Deutsche Bank China to thrive.”  

The official opening was attended by over 500 guests comprised of clients, government officials, business affiliates and staff.  

Deutsche Bank commenced business in China in 1872 and strongly participates in cross border investment banking; sales and trading activity; and transaction banking and trade finance services. The Bank offers private and business banking through retail sub-branches in Shanghai and Beijing, and in 2007 also launched a credit card joint venture with Hua Xia Bank in which Deutsche Bank has a 9.9% shareholding. Deutsche Bank also owns 30% in Harvest Fund Management, China’s largest independent asset management company.  Deutsche Bank China was locally incorporated on 2 January 2008.  Apart from the Beijing operation, Deutsche Bank China also has branch offices in Shanghai and Guangzhou.   
 

 

Traditional Chinese lions dancing at opening of Deutsche Bank Tower in Beijing1.